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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (37)	10/14/2004 9:53:35 PM
From: jim_p	Respond to of 13449

I watch CPN because it's a good stock to trade given the high short position. Let me know if you play it and I may join you for the ride. Jim

To: chowder who wrote (37)	10/22/2004 7:15:54 PM
From: chowder	Respond to of 13449

>>> Technically, CPN looks like it could bounce here. It has been in a steep downfall and the intraday charts are all looking bullish, from the 5 minute chart up to the hourly chart. The hourly chart is showing a bullish engulfing pattern. This pattern takes on more significance given the steep sell off of CPN. <<< dev.siliconinvestor.com I took a position in CPN and was up 11% on it. I wasn't sure if I wanted a short term or long term position and I have paid for that indecision. I'm only up 3% now but will hold a little longer. The price is within the momentum bands and the ADX is suggesting that the downtrend is over for the time being. As of today, it looks like CPN has found a bottom but I will not let this position go negative. It looks like the selling has subsided and the bias is to the upside. Watch those stops. stockcharts.com[h,a]daclyiay[d20040522,20041022][pd10,1!f][vc60][iut!Ll9]&pref=G dabum